The city has emerged as the second largest property market in terms of the growth in apartment sales, surpassing bigger market like National Capital Region in the first half of 2015, said Knight Frank India.

A Parliamentary Committee today recommended a slew of measures favouring property buyers, which include a three-year jail term or a fine for a defaulting builder under a new law which will now cover projects of 500 sqm or eight flats.

With more than 30 malls, Bengaluru's retail sector is now spurring residential property development and demand for housing in the suburbs. Presently, Bengaluru has more than 30 malls, which total to about 8.70 million sqft, according to JLL India's report .

When a property is sold, the gains are liable to tax. Investing the gains in another property within the stipulated time exempts you from this tax. Any property flat, house, building, site, farm house, commercial property etc is subject to capital gains on its sale transfer.

When 31-years old Manish Sharma started working in Hitec City, his objective was to buy a home at a decent distance from his office. Sharma says, “It might seem a little weird to people that I started saving money at such an early age.

Individuals need to file the income tax returns by August 31 this year. The government extended the date from July 31 to August 31 for this year only. While finalising your tax returns, you need to ensure you claim the deductions and incentives available against any income from a residential.